42.37% Rise In 3 Months: This Small Cap Chemicals Stock Fixes Record Date For 240% Final Dividend

The Board of Directors of Styrenix Performance Materials Ltd. in an exchange filing on June 30, 2023, fixed the Record Date as August 02, 2023, for the 240% final dividend i.e. Rs.24/- per equity share of face value Rs.10/- each (240%). Styrenix Performance Materials is a small-cap company. The market cap of the company is Rs 2005.11 Crore.

The board also announced that the 50th Annual General Meeting ('AGM') of the members of the Company will be held on Thursday, August 10, 2023, at 3:00 P.M. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

Record Date for 240% Final Dividend

According to the regulatory filing by the Board of Directors of Styrenix Performance Materials Ltd. "the record date for the purpose of determining the members eligible to attend and vote on the resolutions set out in the Notice of the AGM and to receive the final dividend of Rs.24/- per equity share of face value Rs.10/- each (240%), has been fixed as August 2, 2023, subject to the approval of the members at the AGM."

Stock Outlook

The share price fell 2.69% today with an intraday high of Rs 1180.45 and an intraday low of 1131 on BSE. The current market price of the stock is Rs 1140.20 per share on BSE. Its 52-week high is Rs 1229.45 per share and its 52-week low is Rs 692.10 per share.

It has fallen 5.95% in the past 1 week and jumped 42.37% in the past 3 months. It gave 34.13% positive return in a year and falls 20.14% in 2 years. It gave 38.30% positive return in 3 years and 55.02% positive return in 3 years.

About - Styrenix Performance Materials Limited

Styrenix Performance Materials Limited (formerly known as INEOS Styrolution India Limited) is the number one producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene and styrene, used for manufacturing home appliances, automobiles, consumer durables and machinery. Absolan(SAN) is a polymerized plastic resin produced from styrene and acrylonitrile, and mainly used for products such as lighting, stationery, novelties, refrigerators and cosmetic packing.
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